As the bank of the European Union, created to invest the EU public money according to the values of the Union, and at the same time as the biggest multilateral bank in the world, the European Investment Bank (EIB) has a big role to play in the global fight against climate change.
This year’s review of its energy policy is THE opportunity for the bank to show its leadership on the clean energy transition we need to save our climate, and to show it puts the interests of the citizens before that of corporations.
Having portrayed itself as a climate champion in the last years – while still channelling huge support to fossil fuel projects, it is now time to substantiate its claims with concrete commitments.
How can the EIB become a clean energy transition leader?
By aligning with the Paris agreement and shifting its funds: from funding fossil fuels to stepping up finance for renewable energy and energy efficiency projects, in particular small-scale and people-owned and controlled, decentralized projects.